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1902 S Union Avenue

Tacoma, WA 98405
  • $7,750,000
  • STATUS: Sold
  • ON SITE: 132 Days
  • ID#: 1790550
Sold - 10/18/2021
$7,750,000
SOLD - 10/18/2021
  • 0
    BEDS
  • 1.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 31,036
    SQFT
  • $250
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

School District:
Listing Courtesy of Windermere Real Estate Co..

Description

The Unionaire is a 47 unit apartment building in an excellent central Tacoma location with great access to public transit and HWY 16. Nearby amenities include shopping, grocery, restaurants, greenbelt, Cheney Stadium and a golf course. 4 studios, 34 1 bed/1bath and 9 2 bed/1 bath with the space to likely add a significant 2 bed/1 bath unit with fireplace. All units have patios or decks. A new TPO roof with 20 year warranty was installed in 2021 for $200K. Dual pane vinyl windows, copper plumbing, new video security system and new privacy fencing. 43 parking spots. 3 units recently upgraded establishing new rents with potential to significantly increase revenue and cash flow. Large CCX zoned lot has potential for 200+ apartment building.

Listing by Dane Murphy. Sold by Znonmember-Office-Mls.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-22T07:16:01.67.

www.alchemyre.com/homes/118164415
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1902 S Union Avenue Tacoma, WA 98405

  • Price: $7,500,000
  • Status: Sold
  • Updated: 59 min ago
  • ID#: 1790550
0
Beds
0
Baths
0
½ Baths
1.46
Acres
31,036
SQFT
$250
$/SQFT
1964
Built
Neighborhood:
Central Tacoma
County:
Pierce
Area:
Central Tacoma
School District:
Tacoma
Property Description
The Unionaire is a 47 unit apartment building in an excellent central Tacoma location with great access to public transit and HWY 16. Nearby amenities include shopping, grocery, restaurants, greenbelt, Cheney Stadium and a golf course. 4 studios, 34 1 bed/1bath and 9 2 bed/1 bath with the space to likely add a significant 2 bed/1 bath unit with fireplace. All units have patios or decks. A new TPO roof with 20 year warranty was installed in 2021 for $200K. Dual pane vinyl windows, copper plumbing, new video security system and new privacy fencing. 43 parking spots. 3 units recently upgraded establishing new rents with potential to significantly increase revenue and cash flow. Large CCX zoned lot has potential for 200+ apartment building.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Cement/ConcreteStuccoWood Lot Features Corner LotCurbsPavedSidewalk Open Parking Spaces 43 Open Parking YN Yes Parking Total 43 Parking Uncovered Spaces 43 Roof FlatSee Remarks Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Building Area Total 31036 Fireplace YN No Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op LaundryThermal Windows Building Name Unionaire Apartments Buyer Financing Conventional Electric On Property YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Green Energy Efficient Thermal Windows Irrigation Water Rights YN No Listing Terms Cash Out Net Operating Income 251891 New Construction YN No Possession Closing Possible Use Multi-Family Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 65264 Tax Year 2021 Units In Building Total 47 Utilities Sewer ConnectedElectricity Available Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Alchemy Real Estate and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-22T07:16:01.67.

 
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Alchemy Real Estate
2921 Eastlake Ave E
Seattle WA, 98102
Listing Courtesy of Windermere Real Estate Co..